KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
The Ministry of Investment, Trade and Industry (Miti) has confirmed that any artificial intelligence (AI) projects utilising Huawei chips in Malaysia are private-sector driven and not government initiatives.
In a parliamentary reply, Miti stressed the clarification was necessary to prevent misinformation and address sensitivities around ongoing geopolitical issues. “The selection and use of AI technologies by the private sector are based on individual companies’ strategic decisions and are not under government control,” the ministry stated.
Strategic Export Controls Implemented
Miti highlighted that it has enacted the Directive of the Strategic Trade Controller No 1/2025, effective July 14, requiring companies intending to export, transit, or transfer advanced AI chips meeting specified technical criteria to seek permit approval.
The move follows a risk-based assessment of the global trade landscape and aims to ensure Malaysia is not used as a transshipment hub for unauthorised transfers of advanced AI chips.
Balancing Security and Investment
The ministry reiterated Malaysia’s commitment to attracting investment in data centres and high-performance computing infrastructure while ensuring data security and complying with international best practices for export controls.
Miti also said it would continue reviewing the list of strategic items to manage potential security risks at both regional and global levels.
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